Enterprise Announces Record Date for Unitholder Meeting to Approve Employee Benefit Plans

Rhea-AI Summary

Enterprise Products Partners L.P. (NYSE: EPD) will hold a special unitholders meeting on November 22, 2022, at 8:00 a.m. CT in Houston, Texas. Unitholders of record as of October 11, 2022 will vote on amendments to the 2008 Long-Term Incentive Plan and the EPD Unit Purchase Plan. Proxy statements will be mailed around October 24, 2022. As a significant midstream energy services provider, EPD's capabilities include extensive pipeline networks and storage facilities across North America.

Positive

• The upcoming meeting allows unitholders to vote on important amendments, potentially enhancing governance and operational flexibility.
• EPD maintains a strong position in the midstream energy sector with over 50,000 miles of pipelines and substantial storage capacity.

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• None.

HOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (NYSE:EPD) today announced that it will hold a special meeting of unitholders at 8:00 a.m. CT on November 22, 2022. At the meeting, Enterprise unitholders will be asked to consider and vote upon 1) an amendment and restatement of the 2008 Enterprise Products Long-Term Incentive Plan and 2) an amendment and restatement of the EPD Unit Purchase Plan. The meeting will be held in Houston, Texas for unitholders of record as of October 11, 2022. It is anticipated that the mailing of the proxy and proxy statement to unitholders of record will begin on or around October 24, 2022.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products production, transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership’s assets include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.

This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that EPD and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition and other risk factors included in EPD’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, EPD does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220923005467/en/

Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745, rburkhalter@eprod.com

Rick Rainey, Media Relations (713) 381-3635, rrainey@eprod.com

Source: Enterprise Products Partners L.P.

FAQ

What is the date of the special meeting for EPD unitholders?

The special meeting for EPD unitholders is scheduled for November 22, 2022.

What will be discussed at the EPD special meeting?

The meeting will discuss amendments to the Long-Term Incentive Plan and the EPD Unit Purchase Plan.

Who can vote at the EPD unitholders meeting?

Only unitholders of record as of October 11, 2022, can vote at the meeting.

When will the proxy statements be mailed for the EPD meeting?

Proxy statements for the EPD meeting will be mailed on or around October 24, 2022.